Bill > HB144

This bill amends Section 18 of the Charter of the City of New Castle to modify how property taxes can be levied. Currently, the law requires the City Council to levy taxes on real property in "just and equal portions and rates" when creating the annual budget. The proposed amendment removes the requirement for equal tax rates, which implies that the City Council will now have the flexibility to set different tax rates for different property classifications (such as residential, commercial, or industrial properties). This change allows the city more discretion in structuring its property tax system, potentially enabling a more nuanced approach to taxation that can account for variations in property types and potentially distribute the tax burden differently across various property categories. The core purpose remains the same: to generate sufficient funds to cover the city's annual budget expenses, which include street maintenance, police services, tax collection, and trash collection.

Government Affairs

https://legis.delaware.gov/BillDetail?LegislationId=142232